Our clients range from individual investors and start-up companies to some of the world's largest multinational companies. With our offices and long established relationships with local counsels throughout the world, we are well positioned to serve our client's domestic and international needs.

Islam Kellany
(AMIGOS)
AMIGOS Advocates

:: INCENTIVES GUARANTEES

•  Companies may not be confiscated nor nationalized,

•  Companies and their assets cannot be sequestered, seized or expropriated by way of an administrative order,

•  No administrative body can interfere in setting prices or profits margins,

•  Profits are exempted from corporate income taxes for five years, extended to 10.years for projects in new industrial zones and new urban communities, as well as projects financed by the Social Fund for Development. Projects located in remote areas (outside the old valley) enjoy 20 years tax break,

•  Projects are subject to a flat rate of 5% as customs duties on equipment and machinery imported for the project. The Investment Authority must approve all imports. Procedures for such approvals are set out in the Executive Regulations for the Investment Law,

•  Projects are allowed to repatriate their capital and profits,

•  The majority of the board of directors may be non-Egyptians,

•  Projects are exempted from certain labor requirements under the Egyptian Companies Law and the Labor Law. Foreign experts' salaries are exempted from income tax if their stay in Egypt is for less than one year,

•  Projects are exempted for 3 years from stamp duties and notarization fees from the date of registration with the commercial register,

•  Projects are exempted from all registration and notarization charges levied on contracts,

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